Be Smart and Pay Zero Taxes

TABLE OF CONTENTS to BE SMART PAY ZERO TAXES: Use the Buy, Borrow, Die Strategy to Get Rich and Stay Rich! by Mark J. Quann Author’s Note: Finding My Purpose xi A Note to Financial Advisors xii 1 The Pandemic Epiphany How I Discovered The Perfect Portfolio™ 1 2 Be S.M.A.R.T. Strategies to Maximize Assets and Reduce Taxes 5 3 What Is Money? Is a Cow Money? 11 4 The Millionaire Next Door Joe’s Journey to $6 Million by Never Selling 21 5 Avoiding “Dead Money” Invest in The Five Pillars That Can Secure Loans 25 6 Financial Alchemy How to Transform “Bad Debt” into “Good Debt” 29 Part One: Stocks and ETFs The First Pillar of a Buy, Borrow, Die Strategy  7 Buy Low and Never Sell Stocks and ETFs, the First Pillar of Buy, Borrow, Die 35 8 Stocks and ETFs The Good, the Bad, and the Ugly 41 9 Buy More and Never Sell Using Fear and Greed to Amplify Your Returns 55 10 Buy, Borrow, Die It Really Is for Everyday Americans 59 11 The Basics of Financial Alchemy Press Buttons and Create Money! 63 12 IRA It IS a Retirement Account! 71 13 IRA  It ISN’T a Retirement Account (so Focus on Your Financial Independence) 77 14 Future-Proof Your Savings Borrow to Fund the Tax Benefits of a Roth IRA 79 15 Shielding Your Wealth Avoid Future Tax Hikes with a Backdoor Roth IRA 85 16 SPY vs SPY vs SPY One ETF, Three Outcomes 91 17 Municipal Bonds “Munis” for Tax-Free Money 97 18 Minimizing Your Tax Bill Strategies for Reducing Capital Gains Taxes 101 19 Turning Losses into Gains How Tax-Loss Harvesting Can Save You Money 107 20 Borrow, Again If You Can’t Beat ’Em, Join ’Em 111 Part Two: Real Estate The Second Pillar of a Buy, Borrow, Die Strategy  21 Unlocking Tax-Free Savings The 2024 First-Time Homebuyers Tax Credit 117 22 Leveraging OPM The Tax-Efficient Path to Homeownership 121 23 The Home Mortgage Deduction Home Sweet Tax Break 127 24 The $250,000/$500,000 Home Sale Exemption Tax-Free Home Sale Jackpot 131 25 Depreciation on Rental Property Tax-Free Income for Real Estate Investors! 135 26 Cost Segregation Boosting Tax-Free Income for Real Estate Investors 139 27 Bonus Depreciation Supercharging Tax-Free Income for Real Estate Investors145 28 Business Ownership and Rental Income Buy One to Live In and One to Rent 151 29 Real Estate Professional Status The “Secret Sauce” to Pay No Taxes 155 30 The Home Office Deduction Your Tax-Saving Super Weapon 163 31 The Augusta Rule Unlocking Tax-Free Income Through Short-Term Rentals 167 32 The Short-Term Rentals Loophole A Powerful Tool for Tax Savings 175 33 House Hacking Transforming Your Home from Liability to Tax-Free Asset 181 Part Three: Income and Asset Protection The Third Pillar of a Buy, Borrow, Die Strategy  34 Maximizing the Benefits of Term Life Insurance  Protecting Wealth with Smart Riders 189 35 Indexed Universal Life Insurance The Swiss Army Knife of Investing and Tax Avoidance 195 Part Four: Cryptocurrency The Fourth Pillar of a Buy, Borrow, Die Strategy  36 Bitcoin vs Bucks  Why Digital Coins Beat the Unlimited Dollar Machine 209 37 Bitcoin ETFs  The Smart Way to Hold Digital Gold Without the Hassle 219 Part Five: Precious Metals The Fifth Pillar of a Buy, Borrow, Die Strategy  38 Golden Opportunities Leveraging Buy, Borrow, Die to Acquire Gold and Precious Metals 229 Part Six: Business Ownership The Solid Foundation of a Buy, Borrow, Die Strategy  39 Tacos, Tequila, and Tax Breaks Maximizing Your Business Deductions 237 40 S-Corp Secrets  How to Slash Your Taxes and Keep More of Your Money 243 41 Turning Learning into Earning Making Education a Business Expense 249 42 Section 179 Savings Buy a Tesla for Your Business 253 43 Tax-Savvy Health How to Save on Taxes While Protecting Your Well-Being 259 44 Year-End Tax Planning Bigger Savings in the Final Stretch 263 Part Seven: Advanced Concepts Improving the Performance of a Buy, Borrow, Die Strategy 45 Rollover Danger Why Great Returns May Not Be Great for You 273 46 Finding a Fiduciary Who Wants to Play Where’s Waldo? 277 47 Leveraging Correlation Amplify Returns with the Buy, Borrow, Die Strategy 283 48 Live off the Borrow Button Unlocking Tax-Free Financial Freedom 295 49 Will You Own Nothing and Be Happy? 301 Epilogue 307 Real Estate Simplified 309 How to Get Wealthy . . . Simplified 311 Glossary of Terms 313 Bonus Stock Report 325 Knowledge Quiz and Study Guide 331 Knowledge Quiz and Study Guide Answer Key 349 Index 357 About the Authors 371